Truist raised the firm’s price target on Intel (INTC) to $49 from $39 and keeps a Buy rating on the shares. The company delivered solid upside with Q4 results but its Q1 outlook was “measurably below” consensus as supply constraints and elevated costs weighed on guidance, the analyst tells investors in a research note. For x86 strength with GPU traction, the firm prefers Buy-rated AMD (AMD), Truist added.
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